Egypt’s inflation rate declines to two-year low
The state statistics agency attributed the decline to a decrease in some food and beverage prices.
Egypt’s inflation rate declines to two-year low Read More »
finance
Chinese funding boosts Nigerian railway construction
China Development Bank has released a $254.76 million loan to Nigeria for the construction of a railway line connecting Kano and Kaduna, a crucial project under China’s Belt and Road Initiative.
Chinese funding boosts Nigerian railway construction Read More »
Nigeria to launch credit guarantee company in May
Nigerian President Bola Tinubu has announced plans to establish a National Credit Guarantee Company in May 2025 to enhance credit access for businesses and individuals.
Nigeria to launch credit guarantee company in May Read More »
West Africa-focused oil producers as Kosmos Energy walks away
The decision comes after the companies entered into early talks for a potential deal that would have created a major player in the West African oil and gas sector.
West Africa-focused oil producers as Kosmos Energy walks away Read More »
Zambia nears end of debt restructuring
The deal follows a bilateral agreement with France, the first country to sign under the G20 common framework.
Zambia nears end of debt restructuring Read More »
Cameroon warns of financial crisis in Central Africa
Cameroon’s President Paul Biya has warned of a potential financial crisis in Central Africa, urging immediate action to address declining net external reserves and other economic challenges.
Cameroon warns of financial crisis in Central Africa Read More »
Egypt to float four state-owned firms on stock market
Egypt is set to privatize up to four military-owned companies as part of its broader economic reform plan.
Egypt to float four state-owned firms on stock market Read More »
Morocco launches first futures market in North Africa
Morocco is set to launch its first futures market, with contracts based on the MASI 20 index.
Morocco launches first futures market in North Africa Read More »
Putin’s nuclear doctrine update weighs on South African rand
The South African rand weakened due to increased global uncertainty caused by Russia’s updated nuclear doctrine.
Putin’s nuclear doctrine update weighs on South African rand Read More »
Nigeria seeks $2.2B foreign debt to fund 2025 budget
Nigeria plans to raise $2.2 billion in foreign debt to fund its 2025 budget and support ongoing economic reforms.
Nigeria seeks $2.2B foreign debt to fund 2025 budget Read More »